CURO Group (NYSE:CURO) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of CURO Group (NYSE:CURO – Get Rating) from a hold rating to a strong sell rating in a report released on Monday morning, Zacks.com reports.

According to Zacks, “Curo Group Holdings Corp. operates as a consumer finance company. It offers unsecured and secured installment, open-end and single-pay loan services as well as renders other customer service, robust operating systems, call center and a track record services. The Company operates primarily in the United States under two principal brands, Speedy Cash and Rapid Cash and Avio Credit. Curo Group Holdings Corp. is based in WICHITA, United States. “

CURO Group stock opened at $8.24 on Monday. CURO Group has a 12-month low of $8.14 and a 12-month high of $20.10. The company has a market capitalization of $332.48 million, a PE ratio of 12.12 and a beta of 2.56. The company has a 50 day moving average of $11.99. The company has a quick ratio of 5.07, a current ratio of 6.32 and a debt-to-equity ratio of 13.68.

CURO Group (NYSE:CURO – Get Rating) last released its earnings results on Monday, May 2nd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.03). CURO Group had a net margin of 3.83% and a return on equity of 3.11%. The business had revenue of $290.20 million for the quarter, compared to analyst estimates of $270.53 million. During the same period in the prior year, the company earned $0.64 earnings per share. As a group, equities research analysts forecast that CURO Group will post 1.27 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 23rd. Investors of record on Tuesday, May 10th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 5.34%. The ex-dividend date is Monday, May 9th. CURO Group’s dividend payout ratio is presently 64.71%.

Large investors have recently modified their holdings of the stock. First Quadrant LLC CA purchased a new stake in shares of CURO Group in the 1st quarter valued at approximately $28,000. Citigroup Inc. increased its stake in CURO Group by 134.0% in the 3rd quarter. Citigroup Inc. now owns 2,345 shares of the company’s stock valued at $41,000 after buying an additional 1,343 shares during the period. Royal Bank of Canada increased its stake in CURO Group by 31.3% in the 2nd quarter. Royal Bank of Canada now owns 3,442 shares of the company’s stock valued at $59,000 after buying an additional 820 shares during the period. Acadian Asset Management LLC acquired a new position in CURO Group in the 4th quarter valued at approximately $69,000. Finally, BNP Paribas Arbitrage SA increased its stake in CURO Group by 377.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,515 shares of the company’s stock valued at $78,000 after buying an additional 3,570 shares during the period. Institutional investors and hedge funds own 38.78% of the company’s stock.

CURO Group Company Profile (Get Rating)

CURO Group Holdings Corp., together with its subsidiaries, provides consumer finance products in the United States and Canada. The company offers unsecured installment loans, secured installment loans, open-end loans, and single-pay loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, demand deposit accounts, credit protection insurance, retail installment sales, and money transfer services.

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